Mission-driven companies can be excellent investments precisely because of their mission.
The data should help to remove several of the hurdles that have prevented institutions from making private impact investments.
Impact investors must be willing to share information in order for the impact sector to continue maturing and growing the small sample size and limited data.
There must be innovation throughout the impact investing value chain, including the allocation and structuring of funds, and the incentivization of fund managers.
The benchmark data results are both tantalizingly insightful and frustratingly inconclusive.
If this report helps to overturn conventional notions, it would be a great contribution to the development of ‘profit-with-purpose’ impact investing.
Impact investors need the GIIN to lead in demonstrating or dialing down claims of impact.
Government development finance institution funding still forms the substantive bedrock of impact fund capitalization.
This benchmark helps move impact investing away from debating potential trade-offs to discussing what financial returns may look like in one segment of the market.
The report could have been even more beneficial if it also included public, open-ended funds that are available to individual investors.
One of the study’s strengths is its clear-eyed description of what mainstream private equity fund performance actually looks like